Mutual Advisors LLC Reduces Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual Advisors LLC lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 45.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,469 shares of the company's stock after selling 1,246 shares during the quarter. Mutual Advisors LLC's holdings in Royal Caribbean Cruises were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RCL. Capital International Investors raised its holdings in Royal Caribbean Cruises by 0.9% in the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock valued at $6,854,905,000 after buying an additional 278,860 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after acquiring an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after acquiring an additional 353,893 shares in the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Royal Caribbean Cruises by 24.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after acquiring an additional 513,702 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RCL. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target for the company. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Barclays boosted their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $293.90.

Royal Caribbean Cruises Trading Up 2.6%

Shares of RCL stock traded up $8.60 on Thursday, hitting $342.17. 2,004,033 shares of the company's stock traded hands, compared to its average volume of 2,363,487. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $342.43. The company's fifty day simple moving average is $267.95 and its 200 day simple moving average is $240.91. The stock has a market capitalization of $92.92 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 0.99 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm earned $1.77 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.88%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.95% of the company's stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.